Rising rates that reflect a healthy, growing economy could be a positive for both U.S. stocks and U.S. REITs, said Wilson Magee, Director of Global Real Estate & Infrastructure for Franklin Templeton. Magee added that U.S. REITs have historically performed well in periods of rising rates despite widespread fears that a looming Federal Reserve rate hike will hurt the sector. Magee added that the REIT structure is gaining in popularity in many nations around the world with many more countries enacting REIT legislation. Magee said some of his favorite REITs currently include Pebblebrook Hotel Trust (PEB), Kilroy Realty (KRC) and General Growth Properties (GGP).
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